Premier passenger carrier American Airlines Group Inc. (AAL) has planned to integrate the US Airways Dividend Miles frequent flyer plan with its existing AAdvantage loyalty program in the second quarter of 2015. Thereafter, US Airways Dividend Miles club members will be able to enjoy the attractive perks of the AAdvantage loyalty program.
Under this new arrangement, American Airlines will open individual accounts for members without an AAdvantage account. Thus, the existing balance of the new members will be shifted to their respective AAdvantage accounts. However, members who own only an AAdvantage account will continue to maintain the same.
Post implementation of this policy, elite account holders of the US Airways will receive complimentary, auto-generated promotion.
Meanwhile, executive Platinum holders will receive complimentary upgrades on 500-mile flights, irrespective of the duration. Moreover, at the time of booking, members will be able to avail eight system-wide upgrades.
In order to align with what Dividend Miles members obtain today, bonus miles will be raised by two-fold from 25% on Business Class tickets for AAdvantage account holders, effective Jan 1, 2015.
American Airlines currently carries a Zacks Rank #2 (Buy).
Stocks to Consider
Some better-ranked stocks in the same sector are Republic Airways Holdings Inc. (RJET), United Continental Holdings (UAL) and Delta Air Lines Inc. (DAL). Republic Airways sports a Zacks Rank #1 (Strong Buy) while United Continental Holdings and Delta Air Lines carry the same Zacks Rank as American Airlines.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment